To amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 9813 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 9813 To amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 21, 2026 Mr. Neal introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. CONTRIBUTION LIMIT FOR INDIVIDUAL RETIREMENT PLANS OF HIGH- INCOME TAXPAYERS WITH LARGE ACCOUNT BALANCES. (a) Contribution Limit.-- (1) In general.--Subpart A of part I of subchapter D of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following: ``SEC. 409B. CONTRIBUTION LIMIT ON INDIVIDUAL RETIREMENT PLANS OF HIGH- INCOME TAXPAYERS WITH LARGE ACCOUNT BALANCES. ``(a) General Rule.--Notwithstanding any other provision of this title, in the case of an individual who is an applicable taxpayer for any taxable year, no applicable annual contributions for such taxable year shall be made by, or on behalf of, such individual to any individual retirement plan to the extent such applicable annual contributions exceed the excess (if any) of-- ``(1) the applicable dollar amount for such taxable year, over ``(2) the aggregate vested balances to the credit of the individual (whether as a participant, owner, or beneficiary) in all applicable retirement plans (determined as of the close of the calendar year preceding the calendar year in which such taxable year begins). ``(b) Definitions and Special Rules.--For purposes of thi